everyone would be wildly rich regardless of bad economic policy
In a world where the richest have everything they can desire and those with a modest amount of savings are getting richer faster than they can spend the money, I doubt such a world will be anything but good
What about the people without savings? It seems like the world in this scenario simply rewards those who are already ahead and punishes those who aren’t.
Plus, there’s less and less you can do to gain economic mobility and to get ahead of others, simply because everyone is getting better advice from their AI agents and “playing the game more optimally”, so to speak, and almost everyone has access to the same AI capabilities to help them with their work.
To me, this scenario seems like a good description of to path that would lead to the kind of extremely unequal future that some people have long warned about with AI development. By no means a good future to the majority of Americans, and even worse for regular people in the rest of the world, as at least in America (as a rich country) you can probably live on welfare.
What about the people without savings? It seems like the world in this scenario simply rewards those who are already ahead and punishes those who aren’t.
Plus, there’s less and less you can do to gain economic mobility and to get ahead of others, simply because everyone is getting better advice from their AI agents and “playing the game more optimally”, so to speak, and almost everyone has access to the same AI capabilities to help them with their work.
To me, this scenario seems like a good description of to path that would lead to the kind of extremely unequal future that some people have long warned about with AI development. By no means a good future to the majority of Americans, and even worse for regular people in the rest of the world, as at least in America (as a rich country) you can probably live on welfare.